Lyft (LYFT) Operating Expenses (2018 - 2026)

Lyft's (LYFT) quarterly Operating Expenses came in at $1.7 billion in Q1 2026, up 11.95% year-on-year from $1.5 billion in Q1 2025, and down 6.86% quarter-over-quarter from $1.8 billion in Q4 2025.

Lyft (LYFT) Operating Expenses (2018 - 2026) Analysis & Trends

Lyft's Operating Expenses history runs 9 years deep, the most recent figure standing at $1.7 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 11.95% year-over-year to $1.7 billion in Q1 2026; TTM through Mar 2026 was $6.7 billion, a 10.55% increase from a year earlier, with the FY2025 full-year figure at $6.5 billion, up 10.16% from the prior year.
  • Operating Expenses eased to $1.7 billion in Q1 2026 per LYFT's latest filing, from $1.8 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.8 billion in Q4 2025 and bottomed at $1.1 billion in Q1 2022.
  • The 5-year median for Operating Expenses is $1.5 billion (2024), against an average of $1.4 billion.
  • Across the five-year window, Operating Expenses jumped 42.42% in 2022 and declined 27.46% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $1.8 billion in 2022, then dropped by 27.46% to $1.3 billion in 2023, then grew by 18.49% to $1.5 billion in 2024, then increased by 16.78% to $1.8 billion in 2025, then retreated by 6.86% to $1.7 billion in 2026.
  • Per Business Quant, the three latest LYFT Operating Expenses figures stand at $1.7 billion (Q1 2026), $1.8 billion (Q4 2025), and $1.7 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Lyft 5.54 Bn 3.82 Bn 786.35 Mn 1.66 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.66 Bn
Dec 31, 2025 1.78 Bn
Sep 30, 2025 1.66 Bn
Jun 30, 2025 1.59 Bn
Mar 31, 2025 1.48 Bn
Dec 31, 2024 1.52 Bn
Sep 30, 2024 1.58 Bn
Jun 30, 2024 1.46 Bn
Mar 31, 2024 1.34 Bn
Dec 31, 2023 1.28 Bn
Sep 30, 2023 1.20 Bn
Jun 30, 2023 1.18 Bn
Mar 31, 2023 1.22 Bn
Dec 31, 2022 1.77 Bn
Sep 30, 2022 1.34 Bn
Jun 30, 2022 1.36 Bn
Mar 31, 2022 1.07 Bn
Dec 31, 2021 1.24 Bn
Sep 30, 2021 1.07 Bn
Jun 30, 2021 1.01 Bn